Craft Brew Alliance Announces Close of Appalachian Mountain Brewery Acquisition
November 29 2018 - 1:30PM
Business Wire
Craft Brew Alliance, Inc. (“CBA”) (Nasdaq: BREW), a leading
craft brewing company, announced today that it has completed its
acquisition of Boone, North Carolina-based Appalachian Mountain
Brewery (AMB). This transaction represents the final phase in CBA’s
three partner acquisitions announced October 10, 2018 to unlock the
full value of those brands and continue investing in their
growth.
CBA and AMB have been working together since 2015, when AMB
entered into a strategic partnership to leverage CBA’s brewing
capacity, marketing resources, and distribution network to drive
growth. With this final step, both companies will continue with
ongoing integration efforts, which are facilitated by the strong
existing relationship.
“Today marks an exciting day for our exceptional AMB team as
they officially join the CBA family,” said Andy Thomas, CEO of CBA.
“Since announcing our plans to bring AMB fully into the fold last
month, our combined teams have been working closely together in
anticipation of this transition.”
Under its purchase agreement with AMB, CBA has acquired the AMB
brand, brewery, brewpub, and cidery and will continue to invest in
the local community through ongoing support of the We Can So You
Can Foundation and other nonprofits. Financial terms of the
transaction were not disclosed.
About Craft Brew
Alliance
Craft Brew Alliance (CBA) is a leading craft brewing company
that brews, brands, and brings to market world-class American craft
beers.
Our distinctive portfolio combines the power of Kona Brewing
Company, a dynamic, growing national craft beer brand, with strong
regional breweries and innovative lifestyle brands, Appalachian
Mountain Brewery, Cisco Brewers, Omission Brewing Co., Redhook
Brewery, Square Mile Cider Co., Widmer Brothers Brewing, and
Wynwood Brewing Co. CBA nurtures the growth and development of its
brands in today’s increasingly competitive beer market through our
state-of-the-art brewing and distribution capability, integrated
sales and marketing infrastructure, and strong focus on
partnerships, local community and sustainability.
Formed in 2008, CBA is headquartered in Portland, Oregon and
operates breweries and brewpubs across the U.S. CBA beers are
available in all 50 U.S. states and 30 countries around the world.
For more information about CBA and our brands, please visit
www.craftbrew.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181129005671/en/
Jenny McLean, Director of Corporate CommunicationsCraft Brew
Alliance, Inc.(503) 331-7248jenny.mclean@craftbrew.com
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